Bitcoin - Trend Model Turning Up

Fruit being picked from a ripe vine. The Factor Trend Model has turned UP. The WBB rally today in BTC is the next important piece to the puzzle for a bull move.

If the strength today holds it will be considered as a Wyckoff SOS buy signal. A decisive close above 6829 (GDAX) completes the H&S bottom and indicate that the intermediate path of least resistance is up. The target of the H&S bottom would be 8032 -- but more importantly, this could be a bottom of major significance.

The down channel in Bitcoin Cash has been penetrated, and the Factor Trend Model is rolling up.

plb ###

Suggested Posts

Thank you for taking the time to check out Bitcoin Live. Interested in reading the rest of this post
and accessing additional content like this? Subscribe to Bitcoin Live.